“Trending News: Millimeter Wave Technology Market Report is Booming Globally by Top Leading Players”The global Millimeter Wave Technology Market Size is anticipated to reach $6,752 million by 2026 according to a new research published by Polaris Market Research.
In 2018, the mobile and telecom segment accounted for the highest market share in terms of revenue.
North America is expected to be the leading contributor to the global Millimeter Wave Technology market revenue in 2018.The increase in demand for high speed data connectivity and growth in mobile traffic worldwide majorly drives the Millimeter Wave Technology market growth.
Millimeter Wave Technology is increasingly being used owing to significant increase in the demand for the bandwidth intensive applications.
The increasing applications in radar and security sectors, and increasing adoption of advanced networking technologies boost the market growth.
New emerging markets, and increasing applications in defense, aerospace, and satellite communication would provide growth opportunities in the market in the coming years.5G networks will be based on higher frequencies based millimeter wave spectrum.